If you go through Siren's Quarterly Report they have already completed a lot of drilling 19 holes below at Alexander River alone, only a few of these have been released to the market.
Paul Angus and his drill team continue to find much thicker, higher grade gold than was was explored in the past. Even in the recent past by Macraes Mining in the 1990s, intersected thinner lower grade gold.
It definitely seems like these old timers missed a lot of high grade gold at Alexander River. The goal of the current drill program there is to continue the mineralised zone extends for the full 1,200metres along the surface, and near surface. (See underlined statements below)
Once this is confirmed by Paul Angus, we will see a significant rerate of Siren Gold and a significant increase in the share price.
Federation Gold's Blackwater 900m strike deposit has an inferred high grade resource of 700,000Oz @ 23grams per tonne (worth today $A1.8Billion), Siren Gold's Paul Angus is targeting a gold deposit that is 33% larger at 1,200metre along strike.
Imagine that being announced by Siren?
Diamond Drilling
Diamond drilling commenced at Alexander River Project in September with 19 holes completed for a total of
1,422.4m to the end of December 2020 (Table 2).
Results have been received for ten holes drilled from four pads (Table 3). Highlights include:
• 8.5m @ 11.0 g/t from 25.0m in AXDDH012 (Figures 2 & 3)
• 7.6M @ 7.8 g/t from 28.2m in AXDDH010 (Figures 2 & 3)
• 8.0m @ 2.6 g/t from 62.0m in AXDDH016 (Figures 2 & 4), and
• 4.7m @ 2.9 g/t from 23.3m in AXDDH08 (Figures 2 & 5)
The drilling at Alexander to date has been testing the near surface (25-75m) mineralisation aimed at confirming
the trench results and the thickness and orientation of the mineralised zone along the 1.2km strike length.
Prior to Siren drilling campaign trench results over the 800m strike of the McVicar reef averaged 4m @ 8g/t Au.
These results included the mineralised shoots and intervening lower grade material (Figure 2).
Three diamond holes completed by Macraes Mining Company in the 1990’s only intersected thinner and generally lower grade
8m @ 4.1 g/t Au
Quartz
Reef
QUARTERLY ACTIVITIES REPORT DECEMBER 2020
6 | P a g e
www.sirengold.com.au
mineralisation (1m @ 2.3g/t Au in AXDDH006, 1.5m @ 13.4g/t Au in AXDH005 and 1.6m @ 2.5g/t Au) than
the trench results.
Drilling to date by Siren Gold has generally intersected thicker mineralisation confirming the 4m average
thickness in the trenches and high grade adjacent to the McVicar Shoot; 8.5m @ 11g/t Au in AXDDH012 and
6.9m @ 7.3g/t Au in AXDDH010 (Figure 4) and lower grade mineralisation between the shoots; 8m @ 2.6g/t
Au in AXXDDH016 (Figures 5) and 4.7m @ 2.9g/t Au in AXDDH008 (Figure 6).
Any new discoveries confirmed by the labs would add even more fuel to the share price rise.
- Forums
- ASX - By Stock
- SNG
- Ann: Siren Strikes Significant Gold Mineralisation at Reefton
Ann: Siren Strikes Significant Gold Mineralisation at Reefton, page-115
-
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SNG (ASX) to my watchlist
|
|||||
Last
8.9¢ |
Change
0.002(2.30%) |
Mkt cap ! $18.23M |
Open | High | Low | Value | Volume |
8.6¢ | 8.9¢ | 8.6¢ | $9.818K | 112.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6341 | 8.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.6¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6341 | 0.089 |
1 | 37991 | 0.086 |
2 | 77000 | 0.085 |
1 | 40 | 0.084 |
1 | 20000 | 0.083 |
Price($) | Vol. | No. |
---|---|---|
0.096 | 50000 | 1 |
0.100 | 480279 | 3 |
0.110 | 288295 | 2 |
0.125 | 118000 | 1 |
0.130 | 1703 | 1 |
Last trade - 15.56pm 28/06/2024 (20 minute delay) ? |
Featured News
SNG (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online